Trending
(FILES) Elon Musk looks on during a news conference with US President Donald Trump in the Oval Office of the White House in Washington, DC, on May 30, 2025. Musk has urged his 227 million social media followers to cancel their Netflix subscriptions, accusing the streaming platform of promoting what he describes as transgender propaganda. In his latest culture war campaign, the Tesla tycoon joined a trend launched by conservative social media account Libs of TikTok that cited the animated series "Dead End: Paranormal Park" and Netflix's corporate diversity efforts as a cause for dropping the streaming service. (Photo by Allison ROBBERT / AFP)

Elon Musk attains world’s first trillionaire

0
By on Business, Entertainment, Tech

Elon Musk attains world’s first trillionaire

SpaceX founder and Chief Executive Officer Elon Musk on Friday became the first person in history to cross the $1 trillion net worth threshold, CNN has reported.

The milestone was driven by the blockbuster stock market debut of his rocket company.

SpaceX priced its initial public offering at $135 per share, pushing Musk’s estimated fortune to just over $1 trillion.

The company’s shares, trading under the ticker symbol “SPCX” on the Nasdaq, climbed to $165 shortly after markets opened Friday — roughly 22 per cent above the IPO price — lifting SpaceX’s valuation above $2 trillion.

Before the listing, Musk was already worth an estimated $813 billion, a fortune more than twice the size of the planet’s second-richest person, Google co-founder Larry Page, valued at approximately $288 billion, according to Forbes.

Musk’s net worth now exceeds the combined wealth of the next three names on the Bloomberg Billionaires Index: Google co-founders Larry Page and Sergey Brin, and Oracle founder Larry Ellison.

At its current valuation, SpaceX ranks as the sixth-largest publicly traded company in the United States, behind only Nvidia, Alphabet, Apple, Microsoft and Amazon.

SpaceX is the parent company of Starlink, the satellite internet service, which is profitable and growing, as well as xAI, Musk’s artificial intelligence company that operates the Grok chatbot.

Share.

Newsbarrelng is an independent online news outlet committed to credible journalism and responsible reporting. We cover politics, business, entertainment, sports, and social issues shaping Nigeria and the world at large. Our editorial process is guided by accuracy, fairness, and transparency. At Newsbarrelng, we believe informed citizens build a stronger society, and we strive to provide news that reflects the realities, voices, and aspirations of people.

Related Posts

FAEO appoints Nigerian engineer, Idowu, to continental capacity development committee* The Federation of African Engineering Organisations (FAEO) has named Nigerian engineer and Fellow of the Nigerian Society of Engineers (NSE), Engr. Olumayowa Ayodeji Idowu, FNSE, among 39 professionals appointed to its Capacity Building Committee for a two-year term. The appointment, confirmed in an official communication dated October 14, 2026, followed an assessment process conducted in accordance with the federation’s Rules of Procedure. FAEO expressed confidence in Idowu’s professional experience and his ability to contribute to initiatives aimed at strengthening engineering capacity and institutional development across Africa. Idowu, a former Chairman of the NSE Abeokuta Branch, currently leads the NSE Branch Chairmen Forum, which brings together branch chairmen from across Nigeria and the diaspora. Beyond his national responsibilities, he serves on a key committee of the World Federation of Engineering Organizations (WFEO) and is a member of its Hackathon Task Force, where he participates in international initiatives promoting engineering innovation, collaboration and professional development. The continental committee, chaired by Eng. Shammah Kiteme Munyoki of Kenya, comprises engineering professionals from Nigeria, Ghana, Kenya, Uganda, South Africa, Zambia, Tanzania, Ethiopia and Angola, among other countries. Engr. Abosede Adewole is also representing Nigeria on the committee, which is expected to support FAEO’s efforts to enhance professional competencies, knowledge exchange and engineering capacity development across member countries. Speaking on the appointment, Idowu described it as an opportunity to contribute to Africa’s engineering transformation. “I sincerely appreciate the confidence reposed in me by the leadership of FAEO. This appointment presents another opportunity to promote engineering education, professional excellence and institutional collaboration. I look forward to working with colleagues across the continent to strengthen capacity-building initiatives and expand opportunities for young engineers,” he said. He called for stronger partnerships between academia, industry and professional engineering institutions to address Africa’s technological and skills gaps. “Africa cannot afford to remain behind in a rapidly changing technological world. We must invest in developing a competent, innovative and globally competitive engineering workforce while ensuring that academic training responds to industry needs and emerging technologies,” he stated. The appointment is expected to enhance Nigeria’s participation in continental engineering development efforts, particularly in promoting professional capacity building, technical knowledge sharing and the development of engineering skills required to drive innovation, industrial growth and sustainable development across Africa.

Leave A Reply